Answer:
1.06 x [tex]10^{10}[/tex] (3sf)
Step-by-step explanation:
using compound interest formula A = P[tex](1+\frac{R}{100}) ^{n}[/tex]
from 95 to 08 is 13 yrs
Total Revenue = (5.02 x [tex]10^{9}[/tex])[tex](1 + \frac{5.9}{100}) ^{13}[/tex] = 1.057 x [tex]10^{10}[/tex]
The total box office revenue for the entire period from 1995 - 2008 will be 10.57 billion.
Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication, and division.
Numbers (constants), variables, operations, functions, brackets, punctuation, and grouping can all be represented by mathematical symbols, which can also be used to indicate the logical syntax's order of operations and other features.
Given that In 1995, the total box office in U.S movie theaters was about $5.02 billion. From 1995 through 2008, the box office revenue increased by about 5.9% per year.
The total box office revenue for the entire period from 1995 - 2008 will be calculated as below:-
Total revenue = 5.02 x 10⁹ ( 1.059)¹³
Total revenue = 1.057 x 10¹⁰
Total revenue = 10.57 billions
Therefore, the total box office revenue for the entire period from 1995 - 2008 will be 10.57 billion.
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